Valuable artifact - what to do

[Anonymous]

I don’t plan on moving it abroad. I have another residence in the foreign country and I would like to have it there.

The artifact is something like a very large very old (ancient) vase. Not exactly but something roughly like that. I saw things like that on Christie and they sell
For about 20k.

I am sure one sibling wouldn’t mind but the other one would be upset they didn’t take it first. However nobody would want to donate it I am sure about that. There is no black market because this wasn’t bought - it was a gift, and it won’t be sold.

[Anonymous]

Anonymous wrote:I’m guessing it’s something ivory? You’ll never be able to sell it, so it’s worth nothing.

No it’s not ivory but I would never sell it anyway. I want to have it because it’s beautiful and I grew up around it (unlike my siblings). The fact that it is valuable is a problem to me, I wish it were worth $10. However that value can not be realized so in a sense it is not worth anything.
In

[Anonymous]

Best to offer to buy it from your siblings at a fair price, buy out their share and then you can do with it whatever you like. Get appropriate paperwork when they sell their share to you.

[Anonymous]

Pay each sibling 6.5k

[Anonymous]

Anonymous wrote:Pay each sibling 6.5k

that’s too much!

[Anonymous]

Anonymous wrote:I don’t plan on moving it abroad. I have another residence in the foreign country and I would like to have it there.

The artifact is something like a very large very old (ancient) vase. Not exactly but something roughly like that. I saw things like that on Christie and they sell
For about 20k.

I am sure one sibling wouldn’t mind but the other one would be upset they didn’t take it first. However nobody would want to donate it I am sure about that. There is no black market because this wasn’t bought - it was a gift, and it won’t be sold.

What? The artifact and your residence are in the same foreign country?

[Anonymous]

no, if fair market value is 20k and OP has 2 siblings, 6.5k is slightly under paying, it should be 6.6k apiece. OP should pay fair market value as long as the siblings are willing to sell their interest. It isn't at all like she is hurting for money.

[Anonymous]

It's owned by all of you. They each own one third. You have to compensate them for their portions if you plan to remove their access to it. That's how these things work.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don’t plan on moving it abroad. I have another residence in the foreign country and I would like to have it there.

The artifact is something like a very large very old (ancient) vase. Not exactly but something roughly like that. I saw things like that on Christie and they sell
For about 20k.

I am sure one sibling wouldn’t mind but the other one would be upset they didn’t take it first. However nobody would want to donate it I am sure about that. There is no black market because this wasn’t bought - it was a gift, and it won’t be sold.

What? The artifact and your residence are in the same foreign country?

it’s my vacation home. I live in the USA.

[Anonymous]

Anonymous wrote:It's owned by all of you. They each own one third. You have to compensate them for their portions if you plan to remove their access to it. That's how these things work.

family relationships work in various ways.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It's owned by all of you. They each own one third. You have to compensate them for their portions if you plan to remove their access to it. That's how these things work.

family relationships work in various ways.

Ok. If OP has any interest in continuing a relationship with them, then they deserve compensation. Doesn't have to be money. That's how these things work.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don’t plan on moving it abroad. I have another residence in the foreign country and I would like to have it there.

The artifact is something like a very large very old (ancient) vase. Not exactly but something roughly like that. I saw things like that on Christie and they sell
For about 20k.

I am sure one sibling wouldn’t mind but the other one would be upset they didn’t take it first. However nobody would want to donate it I am sure about that. There is no black market because this wasn’t bought - it was a gift, and it won’t be sold.

What? The artifact and your residence are in the same foreign country?

it’s my vacation home. I live in the USA.

OK, but why don't you think that your siblings who have no emotional attachment to this 'thing' would not sell their interest in it to you ? Or are you just trying to get out of paying for it? You are clearly wealthy and can afford to pay, possibly over pay, just do that.

[Anonymous]

Anonymous wrote:no, if fair market value is 20k and OP has 2 siblings, 6.5k is slightly under paying, it should be 6.6k apiece. OP should pay fair market value as long as the siblings are willing to sell their interest. It isn't at all like she is hurting for money.

but this item can not be sold at the market. therefore it cannot have the same market value as similar items that are actually selling.

the real value of the item is decorative and sentimentalize These are real values and I agree that I would be taking something from
Them but I can not turn around sell this. $13,000 is a lot of money for a decorative item. I could buy a bunch of pretty valuable paintings (abroad) that are likely to increase in value - and that I can sell at any time - for that sum.

[Anonymous]

Anonymous wrote:

Anonymous wrote:no, if fair market value is 20k and OP has 2 siblings, 6.5k is slightly under paying, it should be 6.6k apiece. OP should pay fair market value as long as the siblings are willing to sell their interest. It isn't at all like she is hurting for money.

but this item can not be sold at the market. therefore it cannot have the same market value as similar items that are actually selling.

the real value of the item is decorative and sentimentalize These are real values and I agree that I would be taking something from
Them but I can not turn around sell this. $13,000 is a lot of money for a decorative item. I could buy a bunch of pretty valuable paintings (abroad) that are likely to increase in value - and that I can sell at any time - for that sum.

So you are looking to cheat your siblings then ? You aren't getting a lot of support for that, I expect.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's owned by all of you. They each own one third. You have to compensate them for their portions if you plan to remove their access to it. That's how these things work.

family relationships work in various ways.

Ok. If OP has any interest in continuing a relationship with them, then they deserve compensation. Doesn't have to be money. That's how these things work.

We do have some other stuff that I would Be willing to give them instead. However I am afraid if I start negotiating that one sibling will take it and move it to their residence (yes they have another residence despite not living there, too. However it’s much smaller so it wouldn’t look as good).